Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

829 Dancing Vines Avenue Las Vegas, NV 89183

4 Beds 3 Baths 2,169 sqft Built 1999

$364,900

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $168.23
  • 6 Days on Market
  • MLS # : 2243240
  • Updated Date : 10/30/2020 at 11:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,169 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Market Place

Listing Agent's Description

*AMAZING TWO STORY HOME IN SILVERADO*LOW MAINTENANCE LANDSCAPING & BEAUTIFUL FRONT LAWN*FRENCH DOOR ENTRY*PROPERTY PROVIDES LARGE TWO CAR GARAGE WITH AMPLE PARKING AND STORAGE*OPEN FLOOR PLAN WITH TONS OF NATURAL LIGHTING, TRAVERTINE FLOORING & GRAND STAIRCASE*COZY FIREPLACE IN FAMILY ROOM*KITCHEN WITH AMPLE CABINET/COUNTERTOP SPACE, TILE COUNTER TOPS, ISLAND, GARDEN WINDOW, BUILT IN MICROWAVE & WALK-IN PANTRY*SPACIOUS UPSTAIRS BEDROOMS*LARGE MASTER WITH WALK-IN CLOSET*MASTER BATH WITH DOUBLE SINKS & SEPARATE TUB/SHOWER*CEILING FANS IN BEDROOMS*TONS OF STORAGE IN LAUNDRY ROOM*OPEN BACKYARD WITH TONS OF ROOM FOR ENTERTAINMENT AND COVERED PATIO WITH CEILING FAN*LUSH GRASS IN BACKYARD*PROPERTY IS LOCATED NEAR SHOPPING, DINING & FREEWAY ACCESS*NEW LIGHT FIXTURES & SINK FAUCETS THROUGHOUT*CARPET UPSTAIRS IS 2 YEARS OLD*

SEE MORE

MARKET HIGHLIGHTS

  • Las Vegas metro's economy was worth $124.9 billion in Gross Metro Product in 2018 and projected to grow to $133.2 billion in 2019 (USMayors.org, 2018)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
  • Las Vegas metro has 61.2% labor force participation rate (USMayors.org, 2018)
  • Las Vegas metro's employment growth was at 2.6% in 2018 and predicted to grow at the rate of 1.7% in 2019 (USMayors.org, 2018)
  • A $7.5 billion mixed-use 6-year project known as Bleutech Park Las Vegas is starting in December 2019. The project will incorporate environmental and technological features such as water purification, on-site waste treatment and localized air cleaning. Described as an “insular mini-city,” the plan calls for use of autonomous vehicles, AI, augmented reality, robotics and other advanced technologies. (reBusinessOnline - France Media, 2019)
  • Las Vegas metro's major employers include: MGM Resorts International, Caesars Entertainment Corporation, Stations Casinos, LLC., Wynn Resorts, Boyd Gaming Corporation, Las Vegas Sands Corporation, Walmart Stores, Cosmopolitan of Las Vegas, The Valley Health System and Supervalu (Las Vegas Sun, 2019)

PRICE & RENT TRENDS

Neighborhood: Silverado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k305k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Silverado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10761606

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Roger Gehring Elementary School Primary Regular 676 39 9
Charles Silvestri Junior High School Middle Regular 1,748 68 NA
Liberty High School High Regular 2,496 105 5

Roger Gehring Elementary School

  • Education Level: Primary
  • # of students: 676
  • # of teachers: 39
9
GreatSchools Rating

Charles Silvestri Junior High School

  • Education Level: Middle
  • # of students: 1,748
  • # of teachers: 68
NA
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,496
  • # of teachers: 105
5
GreatSchools Rating
 

$328,410$401,390$364,900

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,346
Property Tax -$229
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
-$213

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$364,900

PROJECTED PRICE

$1,550

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,449

INVESTMENT

$102,449

Down Payment
$91,225
Rehab Estimate
$5,750
Closing Costs
$5,474

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,346

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,225
Loan Amount $273,675
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$10,746

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,550

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,665

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6753$1,6954$1,6955$1,700
$1,700
RENT COMPS ANALYSIS
  • 829 Dancing Vines Avenue Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.71
    •  
  • 10110 Pennyroyal Street Las Vegas, NV 2
    • 4 beds 2 baths ∙ 2,212 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,212 Sqft ∙ Built 2002
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.76
    •  
  • 10056 Mystic Dance Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 1999
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.78
    •  
  • 829 Plantain Lily Avenue Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,212 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,212 Sqft ∙ Built 2001
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.77
    •  
  • 717 Elliot Peak Avenue #0 Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 2000
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.76
    •  
PROPERTY LISTING DETAILS
Richard J Brenkus
1.702.456.5959
Keller Williams Market Place
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243240
Last Updated: 10/30/2020
BESbswy